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New economic data showed showed hiring in the US labor market continues to slow, but layoffs remain low.. Data from ADP Wednesday morning showed 122,000 private payrolls were added in December ...
WASHINGTON (Reuters) -U.S. job openings unexpectedly increased in November while hiring softened, suggesting the labor market continued to slow at a pace that probably does not require the Federal ...
The historically low layoffs account for most of the labor market's strength. Hefty interest rate hikes from the Fed in 2022 and 2023 to tame inflation have left companies with little appetite to ...
Most of those gains have been concentrated at the local and state level, which accounted for a 12.3% and 6.6% share of overall job gains, BLS data shows. Federal jobs accounted for just 2%.
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market, though a slowdown in hiring ...
"The labor market is now looser than pre-pandemic, and it’s clearly still cooling further, so far in, in a gradual and orderly way," Powell said. "We don’t think we need further cooling in the ...
Federal, state and local governments added 33,000; professional business services, 26,000; and manufacturing, 22,000. But retail lost 28,000 jobs after seasonal adjustments, a sign that holiday ...
New data released by the Department of Labor on Wednesday showed that initial filings for unemployment insurance hit a seven-month low in the week ending Nov. 23, with 213,000 initial claims filed ...